Cyprus Mail

Two arrested for loansharking

Police arrested two men in Larnaca on Tuesday, aged 42 and 22, on suspicion of loansharking.

A Larnaca resident had reported to police the previous day that he borrowed €2,000 from the 42-year-old man last month and agreed to pay a weekly interest rate of 20 per cent, resulting in him owing €3,640.

The 42-year-old and another man, 22, who is allegedly involved, were arrested at 5pm on Tuesday to facilitate investigations.

Related posts

‘Stepping up to the challenges’

Evie Andreou

Elderly woman missing

Andria Kades

Woman remanded over investigation into 72 kilos of cannabis

Andria Kades

Pressing need to revise our strategy on national problem

Coronavirus: Gradually reopening checkpoints would be ‘logical arrangement’

Andria Kades

Mental stress busters

Gina Agapiou